First Eagle Global Value Fund Comments on Sompo

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Oct 24, 2019

Sompo (TSE:8630, Financial), a Japanese property-casualty insurance company, benefited from improving conditions in the global insurance marketplace. A number of factors, including poor returns from insurers’ fixed income holdings and losses related to catastrophes, have led to some hardening of property-casualty insurance rates.

From the First Eagle Global Value Fund's third-quarter 2019 shareholder letter.